Mike Morrison assesses the pros and cons of scheme pension.
The dust will finally settle on the Budget changes to tax relief for pensions, particularly the anti-forestalling rules and at that point we will be able to consider the opportunities that remain. In the meantime let us not forget that there are a number of key areas that are not immediately affected by the changes, particularly in retirement planning. Post A-Day we are all aware that from age 50 (55 from 2010) individuals can commence taking benefits from their pension schemes either via an annuity, unsecured pension (USP) or scheme pension, and from age 75, alternatively secured p...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes